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Indian 2014 gold imports seen at half usual levels
Sat, 07 Dec 2013 03:46:51 +0530
By Siddesh Mayenkar and Jan Harvey MUMBAI/LONDON (Reuters) - Indian gold imports may fall 70 percent in the final quarter of 2013 from 255 tonnes in the year-ago period and are expected to be half usual levels at 500-550 tonnes next year if new import rules are maintained, a top trade body official said on Friday. To curb a record trade deficit, India imposed an import duty of 10 percent on gold, and tied imports for domestic consumption to exports, creating scarce supply of the yellow metal and boosting premiums to a record. "Year 2014 seems to be a difficult one for the Indian gem and jewellery industry so far as gold imports are concerned," Bachhraj Bamalwa, director at the All India Gems and Jewellery Trade Federation (GJF), said in an interview at the Reuters Global Gold Forum. India, which may import a lower-than-usual 700-750 tonnes in 2013, is unlikely to ease its import policy or the customs duty until the trade deficit is under control, Bamalwa added.
Historic global trade deal on ice as Cuba holds out
Sat, 07 Dec 2013 03:45:16 +0530
By Randy Fabi NUSA DUA, Indonesia (Reuters) - Ministers appeared close to sealing the world's biggest trade reform for two decades early on Saturday but a last-gasp objection from Cuba forced an overnight halt, leaving the World Trade Organization four votes short of a final victory. Earlier a major obstacle was overcome when India, the most vocal holdout, endorsed a draft text presented by the head of the WTO Roberto Azevedo, putting the WTO tantalisingly close to agreement. But Cuba, backed by Venezuela, Bolivia and Nicaragua, refused to accept a deal that would not help pry open the U.S. embargo of the Caribbean island. The deal, thrashed out at talks on the Indonesian island of Bali, would lower trade barriers and speed up the passage of goods through customs.
Yemen says regains ministry compound, 12 militants killed
Sat, 07 Dec 2013 02:27:09 +0530
By Mohammed Ghobari SANAA (Reuters) - Yemen said on Friday it had regained full control of its Defence Ministry compound in Sanaa a day after a militant attack, claimed by an al Qaeda-affiliated group, killed 56 people, including foreign medical staff. The Yemeni military's chief of the general staff said in a preliminary report submitted to President Abd-Rabbu Mansour Hadi on Friday that an estimated 12 attackers, mostly Saudi nationals, had taken part in the assault and were all killed. The report, seen by Reuters, said gunmen wearing army uniforms opened fire at soldiers guarding one of the hospitals inside the military compound.
U-17 World Cup will accelerate Indian football’s commercialization – AIFF vice president Subrata Dutta
Sat, 07 Dec 2013 00:20:45 +0530Author : Amoy Ghoshal Sportskeeda discussed the benefits Indian football will get by hosting the 2017 under-17 World Cup but to get a better picture we caught up with AIFF vice president Subrata Dutta. Talking about the road-map for pulling off what will be the biggest football tournament India has ever hosted, Dutta informed that […]
South Africa, India go ahead with Sunday ODI
Fri, 06 Dec 2013 23:27:45 +0530
The second one-day international between South Africa and India will go ahead in Durban on Sunday and will be marked by a tribute to former president Nelson Mandela Cricket South Africa confirmed the fixture would be played after discussions with the government following Mandela's death on Thursday at the age of 95. "We have taken this decision in consultation with Sport and Recreation South Africa," CSA chief executive Haroon Lorgat said in a statement on Friday. "We will, of course, appropriately mark the passing away of Nelson Rolihlahla Mandela, the father of our nation and one of the world's greatest icons." Soccer and golf had already stated they would go ahead with their programmes.
Abhishek Verma, Tytler's son slapped with cheating case
Fri, 06 Dec 2013 23:10:03 +0530New Delhi, Dec 6 (IANS) A Cyprus-based firm has registered a case of cheating with the Economic Offences Wing against Abhishek Verma, an accused in the Navy War Room leak case, and Siddharth Tytler, son of Congress leader Jagdish Tytler, and their associates for allegedly duping it of 1.1 million dollars on the pretext of setting up a mobile company, police said.
Goldman tells oil market U.S. is the new China as cycle reverses
Fri, 06 Dec 2013 22:53:14 +0530
By David Sheppard LONDON (Reuters) - The oil market is on the cusp of a new cycle, Goldman Sachs said on Friday, with demand in the United States growing at a faster pace than in emerging economies such as China and India for the first time in a decade. That's likely to have profound implications for how oil markets operate, Jeffrey Currie, Goldman's influential chief commodity analyst wrote in a note, which says there will be a "new oil order". Currie was one of the first oil analysts to predict that crude prices would surge last decade, driven by growing Chinese demand and tightening supplies. "As oil demand leadership transitions to developed markets from emerging markets, this not only represents a significant fundamental shift, but combined with significant developed market-led production, this turns the previous commodity cycle upside down," Currie said.
Ranbaxy ropes in Kumble to promote healthy heart
Fri, 06 Dec 2013 22:48:03 +0530Bangalore, Dec 6 (IANS) Pharma multinational Ranbaxy Laboratories Ltd Friday roped in former Indian captain Anil Kumble in promoting fitness and a healthy heart. "Doctors world over prescribe regular exercise as part of cardiovascular risk management and advise people to have a heart-healthy diet to improve the function of heart, reduce cholesterol levels and bring hypertension under control," Kumble said on the second day of the Cardiological Society of India (CSI)'s 65th annual conference at the Bangalore International Exhibition Centre. Delivering a talk on the role of physical fitness and cardiovascular health, the legendary spinner said fitness and a healthy heart were very important in keeping his performance in the game at the peak. Had it not been for regular exercise, it wouldn't have been possible for me to perform at peak in the game," he said.
Karnataka lawmakers mourn Mandela
Fri, 06 Dec 2013 22:46:07 +0530Belgaum (Karnataka), Dec 6 (IANS) Karnataka lawmakers Friday mourned the death of South Africa's first elected black president Nelson Mandela. The 95-year-old anti-apartheid icon passed away at home in Johannesburg in South Africa late Thursday. Assembly Speaker Kagodu Thimmappa and council Chairman D.H. Shanakaramurthy informed the members of Mandela's death when the last day of the 10-day session in this northern town, 500 km from Bangalore, began and all observed a minute silence as a mark of respect. After moving obituary references, Thimappa and Shanakaramurthy were joined by lawmakers in paying rich tributes to Mandela and recalled his long association with India.
Gujarat government launches Sardar Patel statue campaign
Fri, 06 Dec 2013 22:44:03 +0530Shillong, Dec 6 (IANS) The Gujarat government Friday launched its campaign in the Congress-ruled Meghalaya to collect waste iron from farmers to erect a statue of Sardar Vallabhbhai Patel, the tallest stat ue in the world. It is the dream project of Gujarat Chief Minister Narendra Modi, the Bharatiya Janata Party's prime ministerial candidate. "As part of this campaign, old farming tools will be collected from all villages across India as a token and will be used to build the statue of Sardar Patel who united 562 princely states in the union of India," Gujarat Cultural Activities Minister Ramanlal Vora told journalists. Vora, who is leading a five-member delegation to the northeastern states, said the Congress-led government in Assam has promised to extend all support to the Gujarat government to construct the statue of unity.
India lose opening tie to Netherlands
Fri, 06 Dec 2013 21:56:11 +0530New Delhi, Dec 6 (IANS) India fought well but lost to the Netherlands 2-3 in a Pool C match of the Hockey Junior World Cup at the Major Dhyan Chand National Stadium here Friday. Runners-up in the last edition of the tournament in 2009, the Netherlands stamped their authority early in the third minute when Vos Pelle set up the ball for Milan van Baal to push it in. India, however, reacted immediately, earning a penalty corner in the fourth minute but Sukhmanjit Singh's drag flick was directed right at goalie Jan de Wijkerslooth, who had no trouble in blocking it. Goal scorer van Baal, in the meantime, got hit right on his forehead and had to head back to the dugout to receive medical attention.
Telangana bill sent to president
Fri, 06 Dec 2013 21:48:03 +0530New Delhi/Hyderabad, Dec 6 (IANS) The central government Friday sent to President Pranab Mukherjee the draft bill for formation of separate Telangana state. The union home ministry sent the draft Andhra Pradesh Reorganisation Bill to Rashtrapati Bhavan, a day after it was approved by the union cabinet, official sources said. He will then refer the bill under Article 3 of the Constitution of India to Andhra Pradesh state assembly to send it back with its views within a prescribed time. Congress general secretary incharge of party affairs in Andhra Pradesh, Digvijaya Singh Friday said if the bill could not be tabled during the winter session, a special session would be convened.
Halt the BJP, says Left
Fri, 06 Dec 2013 21:22:05 +0530Kolkata, Dec 6 (IANS) Describing the rise of communalism as a grave threat, the Left Front Friday said it was imperative to stop the BJP from coming to power to save democracy and India's unity. Speaking at a rally to condemn 1992 demolition of the Babri Masjid, former West Bengal Chief minister Buddhadeb Bhattacharjee blamed the economic policies of the Congress for the growth of communalism. Speaking about the Bharatiya Janata Party's prime ministerial candidate Narendra Modi, the CPI-M leader said: "The person who as chief minister has been accused of encouraging riots in his state has been chosen to lead his party. CPI-M general secretary Prakash Karat said that by naming Modi as the prime ministerial candidate, the BJP and the Rashtriya Swayamsevak Sangh (RSS) were again trying to fuel the fire of communalism in the country.
Body of Indian man found in Dubai
Fri, 06 Dec 2013 21:16:06 +0530Dubai, Dec 6 (IANS) The body of an Indian man was found hanging from a tree in Al Quoz industrial area here, a leading United Arab Emirates (UAE) daily reported Friday.
Women’s domestic cricket season preview: Preparation time for T20 World Cup
Fri, 06 Dec 2013 21:13:27 +0530Author : Snehal The domestic season will be base for the Indian team’s preparation for the ICC T20 World Cup in Bangladesh Change is the flavour of the year it seems, with the BCCI introducing sweeping changes in the women’s domestic format. Their decision to conduct all matches with a white ball and in coloured […]
Action should be taken against officers using faulty EVMs: Pachauri
Fri, 06 Dec 2013 21:12:59 +0530Bhopal, Dec. 6, (ANI): Madhya Pradesh Congress Leader Suresh Pachauri said on Friday that the Election Commission of India should take strict against officers who used faulty EVMs during the November 25 assembly polls in Madhya Pradesh. Some were relating to the defected EVMs and some were related to postal ballot paper system. The postal ballot should be counted first and then only the results of the EVMs should be declared," said Pachauri. Officers who have proceeded with the voting even after realizing that EVMs were faulty must be punished," he added.
Jagan meets Akhilesh, seeks support for amending Article 3 of the Constitution
Fri, 06 Dec 2013 21:12:59 +0530Lucknow, Dec. 6, (ANI): YSR Congress chief Jagan Mohan Reddy on Friday met Uttar Pradesh Chief Minister Akhilesh Yadav to seek support for his campaign for amending Article 3 of the Constitution. Article 3 of the Constitution provides the Parliament the sole authority on making a decision on a new state. After the meeting, Akhilesh said, " I welcome him to Lucknow, as it is his first visit to the state. Jagan Reddy, acknowledging the support of Akhilesh Yadav said, "It is very kind of him to extend his support.
Govt. developing five inland waterways into national waterways : Vasan
Fri, 06 Dec 2013 21:12:58 +0530New Delhi, Dec.6 (ANI): Union Minister for Shipping G.K.Vasan has ina written reply told members of the Rajya Sabha that the government is actively developing and regulating waterways that have been declared national waterways. He said the waterways that are being developed as national waterways are: (1) Ganga-Bhagirathi-Hooghly river system (Allahabad-Haldia-1620 km) in the states of Uttar Pradesh, Bihar, Jharkhand and West Bengal as NW-1, declared in 1986. The minister further said that the Inland Waterways Authority of India (IWAI) is developing the first three National Waterways for shipping and navigation by providing a navigational channel with targeted depth and width for most part of the year.
Indian farmers, civil society laud Sharma's stand at WTO
Fri, 06 Dec 2013 21:04:03 +0530New Delhi, Dec 6 (IANS) Indian farmers and civil society Friday welcomed Commerce Minister Anand Sharma's "bold and principled statements" on food security and fully endorsed his view that it is non-negotiable. The group of Indian farmers and civil society, including Action Aid - India, Bhartiya Kisan Union, and Bhartiya Krishak Samaj, said they appreciated his stand at the World Trade Organisation Ministerial Meeting in Indonesia's Bali that "the Peace Clause, as it currently stands on the table, is unacceptable in order to effectively guarantee food security for our people".
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